Revival and Rehabilitation of MSMEs

The Notification on instructions for the Framework for the Revival and Rehabilitation of Micro, Small and Medium Enterprises, issued by the Central Government dated 29th May, 2015 provides for an out-of-court mechanism for the rehabilitation of sick MSMEs. It intends to provide early and feasible solutions to bankruptcy proceedings, without procedural delays. 

The Notification is based on the recommendations contained in Chapter 8 of the BLRC's Interim Report, which Vidhi assisted in drafting.